"Evoke confirmed it is in discussions with Bally's Intralot S.A. regarding a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share."
"The proposal is expected to comprise an all-share combination with a partial cash alternative, but there can be no certainty that an offer will be made."
"Evoke's board is evaluating the approach with advisers Morgan Stanley and Rothschild & Co., and shareholders are advised not to take any action in relation to the Proposal."
"The bid interest arrives after months in which Evoke has openly reviewed its future, considering a range of potential alternatives to maximize shareholder value."
Evoke has confirmed discussions with Bally's Intralot S.A. regarding a potential takeover, valuing the company at 50 pence per share. The proposal may involve an all-share combination with a partial cash alternative. Evoke's board is evaluating the approach with advisers and has warned shareholders not to take any action. The interest follows a strategic review by Evoke, which considered various alternatives to maximize shareholder value amid pressures from UK tax changes and market challenges.
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